this post was submitted on 15 Dec 2024
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Economics

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Summary

Trump’s proposed tariffs on imports are dividing U.S. businesses.

Domestic manufacturers like Tower Extrusions support tariffs as a way to combat foreign competition, particularly from countries like China and Mexico, which supply cheaper aluminum products.

Importers such as Bobby Djavaheri, who sells Chinese-made appliances, fear steep tariffs will drastically raise prices for consumers, with some racing to stockpile goods or considering relocating factories.

Retailers like Peter Elitzer, who runs discount clothing stores, worry tariffs will force price increases, hurting already cautious shoppers and worsening inflation.

Many businesses brace for economic disruption if the tariffs are implemented.

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